S&P: Hysan view to positive

Standard & Poor's said it revised the outlook on Hysan Development Co. Ltd. to positive from stable.

S&P also affirmed its BBB long-term corporate credit rating, along with the ratings on its senior unsecured notes issued by Hysan's subsidiaries.

The agency also affirmed the cnA Greater China credit scale ratings on the company and on its outstanding debt issues.

The outlook revision reflects an expectation that Hysan's expanding investment property portfolio and improving rental income are likely to enhance its asset quality and strengthen its capital structure and cash flows, S&P said.

The agency said it expects the company's rental income and the stability of its profits and cash flows will materially improve after the completion of Hysan Place, a new retail and office building in the Causeway Bay district of Hong Kong.

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